The Daily Startup: Umbo CV Seeded for Intelligent Security Cameras

Art by Mike Lucas Umbo CV Inc. makes artificially intelligent security cameras that the company says detect unusual activity human security guards might miss. It picked up $2.8 million in seed funding led by AppWorks Ventures, Mesh Ventures, Wistron Corp. and Phison Electronics. The company plans to launch its first product in early April at the ISC West Show in Las Vegas. Umbo Chief Executive Shawn Guan said the company has applied a form of artificial intelligence known as deep learning to security camera footage. The more footage the Umbo camera has, the more it learns and is able to accurately detect suspicious activity. ALSO IN TODAY’S VENTUREWIRE (subscription required): Founders Fund, the venture-capital firm known for prescient bets on some of the biggest names in Silicon Valley, has closed on…